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首页> 美国政府科技报告 >Real Estate Closing Costs: Real Estate Settlement Procedures Act (RESPA), Section 14a. Volume I: Executive Summary
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Real Estate Closing Costs: Real Estate Settlement Procedures Act (RESPA), Section 14a. Volume I: Executive Summary

机译：房地产结算成本：房地产结算程序法（REspa），第14a节。第一卷：执行摘要

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摘要

This study seeks to determine how well the settlement process is working and, specifically, how individual settlement service markets are performing to provide required services at a reasonable cost. The study also evaluates the effectiveness of the Real Estate Settlement Procedures Act of 1974 (RESPA) in achieving its objectives: informing the consumer, increasing the incidence of shopping, and ultimately lowering settlement costs where they are excessive. In addition, the study assesses the feasibility and desirability of modifications and alternatives to RESPA. Two principal research tools were used in addressing the study's objectives: a national survey of 18,000 Uniform Settlement Statements and a number of local market studies. The local market studies involved eight markets, including Boston, Mass.; Denver, Colo.; Jacksonville, Fla,; Los Angeles, Calif.; San Antonio, Tex.; and Seattle, Wash. In addition, more than 80 personal interviews were conducted with national, State, and local public officials and officers of relevant industry associations. Three interrelated components of RESPA were studied to assess the act's effectiveness: compliance / implementation, systems changes, and price impact. Results showed that the letter and intent of the RESPA provisions are, for the most part, being followed. Overall findings concerning all or several of the settlement service markets show that consumers are relatively uninformed about settlement services, competition exists primarily for referrals rather than for the consumer's business, and some provider practices exist that appear to add unnecessarily to settlement charges. In addition, the report discusses the performance of the brokerage industry, the mortgage lending industry, the private mortgage insurance industry, and the title assurance and conveyancing service industries; and the role of attorneys in settlement services. Alternatives related to improving the performance and services of these industries are detailed, along with suggestions for improving consumer information. Footnotes are provided.

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